Flexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
In Q3 2024, office space absorption in India’s top six cities surged 31% year-on-year, driven by large deals in Bengaluru, Hyderabad, and Pune. The tech and BFSI sectors led demand, with 17.3 million sq ft leased. New Grade A office supply also grew by 33%, reflecting a strong market recovery.
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M3M has leased 220,000 sq. ft. to Incuspaze at M3M Urbana Premium in Gurugram. This deal reflects rising demand for flexible workspaces, with Incuspaze expanding across India. The flexible workspace market is projected to grow significantly by 2030, offering scalable solutions for businesses. M3M plans to lease 2 million sq. ft. in 2024.
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India’s flexible office space sector has attracted $820 million in private equity funding since 2017, driven by corporate demand for innovative workspaces. Despite fluctuations, the sector has leased 52.9 million sq ft with a 22% growth rate. The future looks promising, with flexible operators embracing technology and ESG principles.
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India’s real estate market is projected to reach $10 trillion by 2047, contributing up to 20% of the nation’s GDP. Rapid urbanisation, foreign investments, and technological advancements will fuel growth. Sustainability and PropTech will play pivotal roles, with reforms like RERA and REITs driving future Expansion.
READ MOREtheflexinsights.com is a platform aiming at being the go-to place for insights, trends and predictions about coworking and flexible workspaces in India. It aims at connecting individuals, businesses and workspaces to create a fostering environment and to propel growth for the overall coworking and flexible workspaces industry within India.
Vatika towers, Golf course road, Gurgaon
India
